Professional Condo for Sale

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30189300
Property Subtypes: Medical
Status: Pending/Contingent
Condo? Yes
Building Size (RSF): 932 SF
Gross Building Area: 11,200 SF
Gross Land Area: 1.27 Acres
Sale Price: $105,000
Ceiling: 8 ft.
Property Use Type: Net Leased Investment (NNN)
Building Name: Huron Parkway Professional Building
Class of Space: Class B
Usable Size (USF): 923 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/13/2018

Overview / Comments

Clean, fresh, third floor condominium for sale for medical or allied medical use, Income property with tenant in place for 2018 paying $1,382/month in rent. Located just off Washtenaw Avenue on Ann Arbor's east side.

Additional Details

Nearest MSA: Ann Arbor
County: Washtenaw
Submarket/Township: Washtenaw W of 23
Taxing Authority: City of Ann Arbor
Tax ID/APN: 09-12-02-209-089
Is Condo?: Yes
Market Type: Medium
Property Located Between: Washtenaw & Packard
Side of Street: Southeast
Road Type: Paved
Property Visibility: Excellent
Highway Access: One mile west of US-23 expressway.
Site Description: This is a 3-story professional building, originally built in 1971, that is situated on a 1.25 acre parcel. Bordered by another professional building on one side and by an apartment building on the other.
Area Description: Huron Parkway is a professional corridor, bisecting Washtenaw Avenue on Ann Arbor’s southeast side. Physicians, dentists, veterinarians and architects, etc. proliferate. Upscale Huron Village and Arbor Hills shopping centers are within a block of the site (Barnes & Noble, Whole Foods, Panera Bread…). Accessible from US-23 expressway one mile to the east.
Total Number of Buildings: 1
Number of Stories: 3
Year Built: 1971
Year Renovated: 2008
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: 3-story, fully occupied medical building.
Parking Type: Surface
Parking Description: Striped, asphalt parking lot.
Total Parking Spaces: 74
Passenger Elevators: 1
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Interior Description: Currently occupied by a medical practice whose lease expires February, 2019.
Zoning Description: Office
Lot Frontage: 150
Lot Depth: 370
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Unit 9 Parkway Professional Building Condo

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,123 103,522 200,860
Median Age: 37.95 31.21 33.85
Households: 5,349 43,064 82,239


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